In addition to the authority conferred upon the board of
governors, by virtue of the preceding section, with respect to the
issuance of revenue bonds to finance the construction of
dormitories, homes or refectories for teachers and students at
institutions under its control, the board, whenever the revenue
from any such existing facility shall no longer be needed to meet
the requirements of the sinking fund established in connection with
the bond issue for which such revenue was originally pledged, shall
also have authority to pay such unneeded revenue into the sinking
fund pledged as security for any other unliquidated bonds issued
for such facilities at the institution where the revenue was
collected, or to pledge such revenue as added security for the
payment of any new issue of revenue bonds sold to finance the
construction of any such additional facility at that institution.
The board shall also have authority to pledge the revenue from any
such existing facility at any institution, even though it was not
originally financed by revenue bonds, as added security for any new
issue of revenue bonds sold to finance the construction of any such
additional facility at the institution.

Note: WV Code updated with legislation passed through the 2014 1st Special Session
The WV Code Online is an unofficial copy of the annotated WV Code, provided as a convenience. It has NOT been edited for publication, and is not in any way official or authoritative.